What does devised mean in Spanish?

A testament is required by law to be created by an individual, called the testator. The testament is a document that legally states what the testator's wishes are regarding the distribution of their property after their death. A will is a testament that is created by an individual and, if valid, legally determines what happens to their personal belongings during their lifetime and, after their death, to their estate.

What is devised mean in Spanish?

When you create an estate plan, you designate the beneficiaries of your life insurance, retirement accounts or other financial assets. The term devised is often used to refer to the transfer of an asset to a specific person or group of people, such as a spouse, child or charity. If you designate a beneficiary on a life insurance policy, for example, your estate could receive the death benefit in the form of a check if you pass away.

What does the word devised mean in Spanish?

The word devised is an English loanword that means to create or invent something. It is used in wills and testaments to designate a gift that a person has created or invented.

What does devised mean in Spanish?

In English devised refers to something created by an individual, especially to a lottery game. In Spanish, however, devised refers to a testament and the process of writing a will. A testament is a legal document created by a person who wishes to distribute their assets after their death. In the process of writing a will, the person can appoint a personal representative, which is a person who will act on behalf of the deceased during the process.

What does devised mean in Spanish word?

The word devised can refer to an estate that is given to someone by will. This estate can be of any type of property, and the will can be either single or joint. The will can also dictate the division of the estate among the beneficiaries. The will can be given to one person or multiple people; however, if it is given to multiple people, these people will each receive half of the estate.